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Hargreaves Services hails big jump in revenue and profits thanks to ramping up of HS2
Industrial services group Hargreaves says increased work on the HS2 project has helped it make substantial increases in revenue and profitability. The County Durham-based firm is undertaking earthmoving and engineering for the rail scheme and at its peak has employed 400 people on the project. In an update to investors covering the six months to …
Business
Evening Standard
Early signs of new car supply shortages easing, Pendragon says
There are early signs of improvement in the supply of new cars, dealership group Pendragon said as it upgraded its profit forecast after better-than-expected sales.The company said its sales performance in the last three months of 2022 was ahead of previous expectations, and more than offset the higher costs it faced.Sales of new cars during …
Business
Evening Standard
Third of consumers plan to return or give up Christmas gifts, poll finds
Almost a third of consumers plan to return, re-gift, sell or donate Christmas presents, with a fifth doing so to help manage cost-of-living pressures, a survey suggests.Gifts worth £232 million will be returned across the UK, the poll for the Post Office indicates.Young adults aged between 18 and 34 are the most likely to return …
Business
Sky News
Pub chain issues rallying cry to hospitality industry over tax ‘disparity’
One of the UK’s most prominent pub chain bosses has issued a rallying cry to the hospitality industry, saying a tax disparity is the biggest threat to its success.JD Wetherspoon’s chairman, Tim Martin, has long-complained about supermarkets’ treatment when it comes to the payment of Value Added Tax (VAT), saying it gives them an unfair …
Business
Evening Standard
Security guards to join huge day of strikes
Security guards are the latest group of workers planning to strike next week on what will be the biggest day of industrial action in decades.Members of the IWGB union working for contractors at London university UCL will walk out on February 1 as part of a campaign for a wage rate of £15 an hour.On …
Business
Evening Standard
Wetherspoon’s sales jump over Christmas but still lag behind pre-Covid
JD Wetherspoon has revealed that its sales at the end of 2022 were far higher than the previous year, after a particularly strong Christmas, but still lagging slightly behind pre-pandemic levels.The hospitality chain, with runs 844 pubs in the UK and Ireland, said like-for-like sales surged by nearly 18% over the last three months of …
Business
Sky News
Gambling company fined millions for ‘social responsibility and money laundering failings’
Gambling firm In Touch Games has been fined millions by a regulator for “social responsibility and money laundering failings”.The Gambling Commission said the company, which operates a number of online sites including bonusboss.co.uk, had been given a £6.1m penalty, its third fine related to oversight failures. The issues at In Touch Games, the watchdog said, …
Business
Sky News
Teams and Outlook go down for thousands of Microsoft users
Microsoft is investigating an outage that left thousands of users around the world unable to access the website’s services, including Teams and Outlook.The company did not say how many were affected, but Downdetector.com, which tracks outages, recorded thousands of people reporting problems with Teams, Outlook, Microsoft 365 and XBox Live. It showed 4,992 incidents had …
Business
Sky News
‘I’m not intimidated’: Workers ‘standing up to bully’ in first UK Amazon strike
Darren Westwood knows how to stick up for himself.As a kid, he was bullied in the playground and beaten up in his local town centre. Now he doesn’t take stick from anyone, no matter how big or strong they appear, even if they happen to be one of the biggest companies in the world. Mr …
Business
Sky News
F1 chiefs slam sport’s regulator over ‘inflated’ $20bn valuation
Formula One (F1) motor racing chiefs have fired a warning shot to the sport’s regulator over a claim that it is not worth $20bn.Sky News has seen a letter from Sacha Woodward Hill, F1’s veteran legal supremo, and Renee Wilm, chief legal and administrative officer of Liberty Media Corporation, F1’s controlling shareholder, accusing the Federation …
Business
Sky News
Private sector economic activity, alternative business funding and toy trends
The latest UK Purchasing Managers’ Index survey has been shared and Chris Williamson, chief business economist at S&P Global Market Intelligence joins Ian King to look over the findings. The managing director of ThinCats, Ravi Anand speaks with Ian about alternative funding for small and medium businesses. And Anna Chapman, vice president for marketing at …
Business
Sky News
Topshop pensioners fashion £1bn funding deal with Aviva
Thousands of pensioners left facing an uncertain retirement by the collapse of Sir Philip Green’s high street empire are on the verge of a funding deal backed by one of Britain’s biggest insurers.Sky News has learnt that the trustees of the Arcadia Group pension scheme are close to striking a binding deal with Aviva to …

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